Thursday, June 9, 2016

As the world begins to realize that gold is money, Britain to allow individuals in their pension funds to own gold from Royal Mint

As public and private pensions and retirement funds around the world find themselves in massive shortfalls, with many now unable to keep their promises made to their workers, Britain is finally capitulating to the idea that gold is not only money, but a vital store of wealth in a world of zero interest rates and declining returns.  And on June 9, the Royal Mint announced they are allowing investors and individuals who own pensions and retirement funds to be able to buy physical gold rather than simply paper and equity assets.

This new programs is the result of a law passed in the UK back in 2014 that once again recognized gold as a standard of wealth (money), and it has taken two years and the advent of failed monetary policies by their government and central bank to finally implement the allowance of gold purchases to help shore up their insolvent pension programs.

Investors will be able to buy 100g or 1kg bars and hold them in the Royal Mint's bullion vault storage facility. The vault is located at Llantrisant in South Wales and is guarded by the Ministry of Defense. The most expensive single bar weighing one kilogram can be purchased for £28,286 ($41,131). 
Investors will be charged up to one percent a year (plus VAT) for the privilege of owning the bars, based on the daily market value. 
"The Royal Mint benefits from a centuries-old reputation as a trusted bullion provider and manufacturer of coins on a global scale. The move to make Royal Mint gold bullion available for holding within pension schemes opens us up to a whole new marketplace," said Chris Howard, director of bullion at the Royal Mint. 
While previously it was possible to buy gold bullion from the Royal Mint, customers couldn’t do that as part of their pension savings. 
The move to offer UK pension investors the option to buy gold bars follows the decision in 2014 by the Financial Conduct Authority (FCA) to make gold bullion a standard asset. The FCA’s decision then prohibited financial consultants from advising clients to invest in gold. – Russia Today


What a complete joke, those are donations not investments!
1% for the privilege of owning and you are not allowed to take them home with you, how dumb exactly do you think we are???

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